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An undisclosed seller (Seller) is offering for sale a 14 well package with producing MI/RI and non-producing minerals in McClain County, Oklahoma. Lot# 106124 includes 87.07 net mineral acres, with 51.10 of those being net producing mineral acres and the remaining 35.97 acres being non-producing. There are 14 producing wells with a ranged RI of 0.10265% to 0.000303%. The lot includes a 6 month average 8/8ths production of 1,554 bbl/d and 5,405 Mcf/d, a 6 month average net production of 0.33 bbl/d and 1.08 Mcf/d, and a 3 month average net income of $1,023/month. Seller has retained EnergyNet as their exclusive advisor relating to the transaction.

EnergyNet Lot 106124
(Source: EnergyNet)

Asset Highlights:

  • 87.07 Net Mineral Acres:
    • 51.10 Net Producing Mineral Acres
      • 14 Producing Wells
      • 0.10265% to 0.000303% RI
    • 35.97 Net Non-Producing Mineral Acres
  • 6-Month Average 8/8ths Production: 1,554 bbl/d and 5,405 Mcf/d
  • 6-Month Average Net Production: 0.33 bbl/d and 1.08 Mcf/d
  • 3-Month Average Net Income: $1,023/Month
  • Operators:
    • EOG Resources Inc.
    • Native Exploration Operating, LLC
    • Ovintiv USA Inc.
    • Warwick-Minerva LLC
  • 9 Offset Rigs
  • 258 Offset Permits
    • Amended: 33 Active | 18 DUC | 6 Permitted
    • Deepened Below Casing: 1 Active | 1 DUC
    • New Drill: 106 Active | 61 DUC | 20 Permitted
    • Recompletion: 12 Active
  • 4,840 Active Offset Producers
  • Select Area Operators:
    • BCE-Mach III LLC
    • Citizen Energy III LLC
    • EOG Resources Inc.
    • Unit Petroleum Company

Bids for Lot# 106124 are due on June 20 at 2:20 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Emily McGinley, Director, at Emily.McGinley@energynet.com.